Availent to Buy First Texas Residential Mortgage - 2004-01-15
Availent Financial, Inc., a fast growing mortgage banking operation, has unveiled the acquisition of basically all of the assets of First Texas Residential, a Houston based mortgage brokerage operation.
The purchase price was substantially paid with a promissory note that matures on February 1, 2004 with one thirty day extension at the sole option of Availent. The Company anticipates that it will be successful in obtaining the required financing to timely pay the promissory note in full.
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